The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …
Read More »U.S. Futures Edge Lower Ahead of Key Inflation Report
U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflat…
European Stocks Rise Cautiously Ahead of U.S. Inflation Data
European stock markets edged higher on Wednesday, as investors awaited the latest U.S. inflation rep…
Dollar Pauses Tariff-Driven Rally Ahead of U.S. Inflation Data
The U.S. dollar retreated slightly on Wednesday as traders awaited key U.S. inflation data and updat…
Gold Retreats from Record Highs as Powell Signals No Rush for Rate Cuts
Gold prices pulled back from record highs in Asian trading on Wednesday, pressured by rising Treasur…
Market Drivers: US Session
The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields a…
Powell’s Impact: Powell’s Caution Dips The Dollar As Rate Adjustments “on Hold”
The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesd…
Powell’s Pause: Stocks Steady Amid Uncertainty
US stock markets have recently experienced a period of mixed performance, influenced by new tariffs …
EU Vows Retaliation Against Trump’s Metal Tariffs
The European Union (EU) has vowed to respond to the 25% tariffs announced by President Donald Trump …
Investors Still Tune In as Fed Chair Testifies Before US Lawmakers
Federal Reserve Chair testified before the US Senate on Tuesday, saying, “There is no need to …
First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
Market Analysis
December, 2020
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22 December 2020 1:19 am
Oil Prices Decline on Coronavirus Concerns
Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …
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21 December 2020 11:28 pm
Gold Finishes Lower Amid Coronavirus Skepticism
Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …
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21 December 2020 10:40 pm
GBP/USD Declines on New Coronavirus Variant
Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …
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21 December 2020 9:57 pm
Canada’s New Housing Prices Rise in November
Canada’s New Housing Price Index showed that new home buyers saw prices rise by 0.6% in November. New single-family house prices increased by 3.7% since the beginning of the pandemic in March, according to Statistics Canada. On the national level, new house prices went up by 4.6% on an annual …
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21 December 2020 8:00 pm
European Stocks Decline on New Coronavirus Variant Fears
European stocks plunged on Monday, opening the week with a negative performance amid fears about a new variant of the Coronavirus. The pan European STOXX 600 index closed lower by 2.3%. Meanwhile, the UK’s FTSE100 finished lower by 1.73%. In Germany, the DAX index plummeted by 2.82%, while in France …
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21 December 2020 7:14 pm
Eurozone Consumer Confidence Indicator Improves to -13.9 in December
The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, the advanced data published by the European Commission showed on Monday. This reading came in better than analysts’ estimate of -16.8.
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21 December 2020 6:47 pm
The Central Bank of Russia: Banking Sector Profits Fall on a Monthly Basis in November
Russia’s central bank said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian banks achieved profits of 1.4 trillion rubles in the eleven months of 2020. Russia’s credit rating agency …
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21 December 2020 5:44 pm
US: Chicago Fed National Activity Index Drops to 0.27 in November
The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined from 1.01 (revised from 0.83) in October to 0.7 in November. Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions
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21 December 2020 5:43 pm
Russia to Suspend Flights With UK Amid Mutated Virus Fears
Russia will halt all flights with Britain from midnight Tuesday, joining the growing list of countries to suspend air travel with the country amid concerns of a more-infectious coronavirus strain found there.
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21 December 2020 5:20 pm
EXMO gets hacked, about 5% of the total assets lost
EXMO gets hacked, about 5% of the total assets lost
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21 December 2020 4:30 pm
Saudi Arabia Suspend Foreign Travel Over Mutant Virus
Saudi Arabia and Oman halted international flights and closed their borders for a week over fears about the fast-spreading new strain of the coronavirus. The Kingdom also added that all international flights for travelers – except in exceptional cases – will be suspended temporarily for a week, which can be …
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21 December 2020 4:21 pm
UK Retail Sales Rise Ahead of Christmas
A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …
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